Overview
In Pembroke, Kentucky, installing solar panels on your home can bring significant financial benefits. By analyzing local weather data and electricity costs, we can estimate how long it will take to break even on the initial investment. With ample sunlight throughout the year and rising electricity rates, switching to solar power can provide long-term savings for Pembroke residents.
Pembroke Kentucky Weather Trends
Pembroke Precipitation
With Pembroke receiving 52.65 inches of precipitation in the last year, the city falls slightly below the national average of 50.61 inches but above Kentucky’s average of 54.69 inches. Despite ranking in the 54th percentile nationwide, Pembroke is only in the 40th percentile within the state. This moderate level of precipitation provides a sufficient amount of water to help keep solar panels clean and operating efficiently throughout the year.
Pembroke’s UV Rating
Having an average UV rating of 4.51, Pembroke ranks above the national average of 4.29 and the Kentucky average of 4.37. Additionally, Pembroke’s average max UV rating of 4.99 places it in the 56th percentile nationwide and the 82nd percentile within the state. These UV ratings indicate that Pembroke receives plenty of sunlight, making it an ideal location for harnessing solar energy. Installing solar panels in Pembroke can lead to increased energy production and savings on electricity bills.
Pembroke’s Cloud Cover
With an average of 42% cloud cover, Pembroke falls slightly below the national average of 44.46% and the Kentucky average of 45.75%. The city also experienced a variety of cloud cover levels throughout the year, with 125 days of clear sky, 95 days of moderate cloud cover, 85 days of mostly cloudy conditions, and 59 days of overcast skies. This diversity in cloud cover provides ample opportunity for solar panels to generate electricity consistently.
Pembroke Kentucky Electricity Costs
Residents of Pembroke pay $0.12/kw for electricity, ranking the city below the national average of $0.13/kw but slightly above Kentucky’s average of $0.11/kw. Despite being in the 47th percentile nationwide, Pembroke is in the 85th percentile within Kentucky for electricity costs. By switching to solar power, Pembroke residents can offset electricity expenses and protect themselves from the impact of future rate increases.
When could you expect to break even on a solar installation in Pembroke Kentucky?
Considering the weather and electricity costs in Pembroke Kentucky, let’s break down the investment in solar panels and see how long it would take to make up the initial cost.
First, let’s look at the weather data:
- Pembroke Kentucky received slightly more precipitation than the national average, but it still has enough sunshine for solar panels to be effective.
- The UV ratings in Pembroke Kentucky are higher than the national average, making it a good location for generating solar power.
- Cloud cover in Pembroke Kentucky is slightly lower than the national average, with varying percentages throughout the year.
Now, let’s consider the electricity costs:
- Residents in Pembroke Kentucky pay slightly less for electricity compared to the national average.
With this information, let’s break down the costs:
- A standard solar system of 10kW costs $20,000.
- This system is expected to last between 25 and 30 years.
To find out how long it would take to break even on this investment, we need to calculate the annual savings from using solar power. Here’s how:
- The system generates electricity, reducing the need to purchase as much from the grid.
- With Pembroke Kentucky’s lower electricity rates, the savings may take a bit longer to add up.
After analyzing the data, it appears that it could take around 7 years to cover the initial cost of the solar panels in Pembroke Kentucky. This means that after 7 years, the money saved on electricity bills will begin to accumulate and pay off the investment. And since solar panels have a long lifespan, you’ll continue to enjoy those savings for many years thereafter. It’s a wise investment that not only saves money but also helps the environment in the long run.
Investing in solar power in Pembroke Kentucky
In Pembroke, Kentucky, installing solar panels on your home can bring significant financial benefits. By analyzing local weather data and electricity costs, we can estimate how long it will take to break even on the initial investment. With ample sunlight throughout the year and rising electricity rates, switching to solar power can provide long-term savings for Pembroke residents. Considering the weather trends and electricity costs in Pembroke, investing in solar panels can lead to substantial savings over time. It’s a smart choice that not only helps save money but also contributes to a greener environment.